Re: Another great day for Teck
in response to
by
posted on
Feb 23, 2016 11:59AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I'm with your logical post here CG- the mention of: "I am hoping Schaft Creek fits their bill". Reminds me of a thought a knowledgeable someone passed along to me recently.
When the Cu market starts to turn....and it will:
-how many jnr.Copper explorers will be worhwhile for big producers to buy? i.e. which of them will have 43-101 compliant multi year assets in friendly jurisdictions? Maybe 12 out of 100+ exist today. I'm guessing, I know, but a feeding frenzy may be in the cards....
Still want to tell the boss "Told u so" before i get the wooden suit !
GLTA
sb